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RInfra, RPower profits flat

Reliance Infrastructure's and Reliance Power's (both owned by Anil Ambani) net profits were up 0.7 per cent and 0.2 per cent, respectively

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BS Reporter
Reliance Infrastructure's and Reliance Power's (both owned by Anil Ambani) net profits were up 0.7 per cent and 0.2 per cent, respectively, in the quarter ended June over the year-ago period.

"There is no change in the generation since last year and we have just maintained earnings and margins," said J P Chalasani, chief executive officer of Reliance Power, which registered a net profit of Rs 240 crore in the quarter.

Reliance Infrastructure, which recently surrendered its Delhi Airport Express project to the Delhi government, said it claimed Rs 3,000 crore from Delhi Metro Rail Corporation as termination payment. Its net profit for the quarter was Rs 415 crore against Rs 412 crore in the year-ago period. Growth in its operating income was also flat at 1.2 per cent to Rs 5,452 crore against Rs 5,383 crore in the year-ago period.

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First Published: Jul 31 2013 | 12:05 AM IST

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